ARK Investment Management LLC Has $2.51 Million Stock Position in Xometry, Inc. (NASDAQ:XMTR)

Key Points

• ARK Investment Management LLC has reduced its stake in Xometry, Inc. by 44.6%, now owning approximately 100,587 shares worth $2.5 million.
• Several institutional investors have recently adjusted their positions in Xometry, with notable increases including CWM LLC, which raised its position by 825.6%.
• Xometry's current stock price is $32.62, with a market capitalization of $1.65 billion and a price-to-earnings ratio of -32.95.

ARK Investment Management LLC trimmed its holdings in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 44.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,587 shares of the company's stock after selling 80,891 shares during the period. ARK Investment Management LLC owned approximately 0.20% of Xometry worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of XMTR. GAMMA Investing LLC raised its position in Xometry by 160.1% in the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after acquiring an additional 618 shares during the period. Canada Pension Plan Investment Board bought a new stake in Xometry during the 4th quarter valued at about $38,000. CWM LLC raised its holdings in shares of Xometry by 825.6% in the 1st quarter. CWM LLC now owns 1,555 shares of the company's stock valued at $39,000 after purchasing an additional 1,387 shares in the last quarter. Comerica Bank grew its position in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after buying an additional 749 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Xometry during the 4th quarter valued at approximately $51,000. 97.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. UBS Group lifted their price objective on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their price target on Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada upped their price objective on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Cantor Fitzgerald increased their target price on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.78.

Insiders Place Their Bets

In other Xometry news, Director Emily Rollins sold 10,041 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $30.70, for a total transaction of $308,258.70. Following the completion of the transaction, the director owned 11,105 shares in the company, valued at $340,923.50. The trade was a 47.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Randolph Altschuler sold 9,332 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $32.39, for a total transaction of $302,263.48. Following the sale, the chief executive officer directly owned 319,602 shares in the company, valued at approximately $10,351,908.78. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.66% of the company's stock.

Xometry Price Performance

NASDAQ XMTR traded up $0.25 during trading on Wednesday, reaching $31.91. The company's stock had a trading volume of 226,924 shares, compared to its average volume of 662,639. The firm has a fifty day moving average of $33.51 and a 200 day moving average of $30.38. Xometry, Inc. has a one year low of $11.33 and a one year high of $45.33. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.74 and a quick ratio of 3.70. The stock has a market capitalization of $1.62 billion, a PE ratio of -32.21 and a beta of 0.83.

Xometry Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.